a) Vouching a sample of accounts payable entries to vendor invoices. b) Confirming accounts payable balances with creditors.
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On March 15, 2026, Omega LLC purchases and places into service new office furniture costing $20,000. This furniture is classified as 7-year property under the Modified Accelerated Cost Recovery System (MACRS). The company opts out of bonus depreciation and Section 179 expensing for this asset. Assume a half-year convention applies. a) Vouching a sample of accounts payable entries